Absolutely not. When you use a Broker to apply for your loan, we can often get you better rates than what you could by going directly to your bank. First, we’ll show you the lowest rates from over 40 lenders, then we get some info, do lots more research, and find the one best option. Finally, we’ll negotiate with the bank to get you an even better rate, if possible. Our service costs you nothing and often you’ll end up paying a lot less than nothing – by going with a different bank, or paying a lower rate, or both! ?

LMI stands for Lender’s Mortgage Insurance. This protects the bank in case you default on your home loan. This is an additional charge, typically if your deposit is less than 20% of the purchase price. If you want to buy a property for $500,000 and have $50,000 (10%) saved for a deposit, the bank may charge you LMI. LMI is a once-off payment, and can often be added to your loan amount.

LVR stands for Loan to Value Ratio. The amount of money that a bank will lend you based on how much the property is worth. For example, an 80% LVR means the bank is willing to lend up to 80% of what the property is worth. If you’re buying a property for $500,000, an 80% LVR loan is $400,000. In this example, you would need to have $100,000 (20% of $500,000) saved up for a deposit.

Before we do anything serious we will get you to sign off on our Privacy Policy and our Credit Guide. Everything is available via your home loan portal and can be signed via secure digital signature online.

We definitely can work with your other advisers. Accountants, Financial Planners, Solicitors, Conveyancers, Bookkeepers, Real Estate Agents, etc. And if you need help putting together a team of advisors, we can help with that too.